While Ceres’ technology will lead to huge carbon abatement and carbon savings, we seek to understand our own direct and indirect emissions relative to our global positive impact.
The impact of our operations is small compared to the potential impact of our technology, we continually innovate and release new versions of our technology, thus mitigating the impact of our technology at scale while managing our operational emissions.
Our emissions
Our R&D centre is in Horsham, UK, along with our commercial, administrative and finance functions. We also operate a 3MW manufacturing facility in Redhill, UK, which provides demonstration and test products and to develop manufacturing automation techniques for our stacks.
Since 2020, Ceres has been reporting against SECR requirements, but going above and beyond to develop a more detailed understanding of our Scope 3 emissions, with the support of Ricardo. We are in the process of onboarding the emissions management system Sweep to bring this analysis in house, increasing the accessibility and speed of data collection and analysis.
In 2022, Ceres analysed our Scope 3 emissions with more detailed characterisation of emissions factors by spend that superseded the earlier method of spend-based estimation, representing a maturation of our data analysis through more accurate classification of our emissions. However, it is important to note the year-on-year changes in carbon emissions are therefore not directly comparable 2021 to 2022. In 2023, total emissions reduced by 21% compared to 2022, driven by a reduction in spend on energy intensive capital goods and a reduction in emissions from our fuel cell systems under lease globally. The reduction in spend was a result of several large projects being completed and our manufacturing facility not running at full capacity as production capability was upgraded to our next generation of technology. Ceres continues to have zero Scope 2 emissions by securing certified 100% renewable energy supply. We aim to reduce our other emissions through continued innovation of our technology designs, as we develop a strategy to become a net zero company.
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Environmental | 12 months to 31 December | 12 months to 31 December | 12 months to 31 December |
| Carbon emissions (tonnes CO2e) | 18,723 | 14,846 | 10,360 |
| Emissions intensity (tonnes CO2e)/£ REV per £100,000 | 951 | 67 | 202 |
| Energy consumption (MWh) | 8,653.7 | 9,411.0 | 9,405.0 |
| Water use (m2) | 5,513 | 5,330 | 3,704 |
| Percentage of electricity from renewable sources | 100% | 100% | 100% |
- Financial metrics 2022 have been restated as reflected in Note 1 of the financial statements of the Annual Report 2023.
- Reduction in emissions intensity due to an absolute reduction in total emissions by 30% in addition to an increase in revenue for 2024. Due to the nature of our business model, annual intensity figures may fluctuate due to these variations on an annual basis.
Local responsibility
Global impact does not absolve us of responsibility for our own emissions and impact; therefore, Ceres is working towards building and executing on a transition plan to become a net zero company. The emissions impact of our operations is small when compared to the abated impact our technology can have. However, our emissions are still important because we are committed to being consistent with our values. Therefore, Ceres has committed to near-term emissions reduction targets validated by the Science Based Targets initiative (“SBTi”). We have committed to reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year, and have also committed to reduce Scope 3 GHG emissions by 53% per million GBP gross profit by 2030 from a 2022 base year.
Influencing our global supply chain
Given that 97% of Ceres’ emissions are from our Scope 3 emissions, engagement with our supply chain is imperative to becoming a net zero company. Ceres is a signatory of the UN Global Compact and aligns with its ten principles, which include a “precautionary approach to environmental challenges, initiatives to promote environmental responsibility, and the development and diffusion of eco-friendly technologies”. Through our policies and procedures, we set clear expectations and standards for our suppliers.
One of the value propositions for partners licensing Ceres’ technology is the support to scale manufacturing quickly. We work closely with our manufacturing partners to develop localised supply chains that can support mass production. By applying our supply chain management improvements and learnings across our network, we enhance positive sustainable production on a larger scale.
Sustainability Report 2025
We are committed to enabling a cleaner, more resilient energy future through the integration of sustainability across our operations, partnerships and technology.
